The company told customers it could no longer absorb rising supplier costs and had sought alternative components from new suppliers, Bloomberg reported. The chipmaker has been grappling with mounting pressure in the smartphone market, which has been squeezed by a memory chip shortage as investment is redirected toward AI infrastructure.

Qualcomm will raise smartphone processor prices by a double-digit percentage after September 1, driven by surging component costs and its pivot

July 24 : Smartphone chipmaker Qualcomm told customers it would raise prices by a percentage in the double digits due to rising costs, Bloomberg News reported on Friday, citing a…

Qualcomm plans double-digit price increases for smartphone processors, effective for products shipped after September 1, amid supply shortages.